Telstra has revealed the addition of almost one million new mobile services in the six months to December 2011, but Sensis revenues plummeted 24 percent in 12 months.
Telstra's presiding mobile boss David Thodey has been informally named
as the new CEO of the carrier, an appointment that is expected to be
officially confirmed today.
According to a report on the ABC Lateline program
on national TV last night, New Zealand born Thodey will take over on
July 1, after the departure of US import Sol Trujillo.
Thodey's appointment sees Telstra once again return to a policy of
promoting from withing instead of casting its net overseas in an
expensive head hunt for senior talent.
Thodey, who beat rivals Telstra CFO John Stanhope and division bosses
David Moffat (consumer marketing) and Bruce Akhurst (Sensis) among
others, could lay claim to the fact that before joining Telstra in
April 2001, he held the top job at IBM Australia and New Zealand, a
substantial organisation of 10,000.
The appointment is also widely being seen as a move by Telstra to
repair its fractured relationship with the Federal Government, after
the disastrous tenure of Trujillo.
During Trujillo's reign, Telstra's share price has plummeted and the
company's government relations, regardless of the political party in
power, has hit an all-time low. Telstra's exclsuyion from the NBN
process was seen as the final nail in the coffin for Trujillo.
The appointment of 54 year old Thodey is likely to be warmly received
by the market as few could argue that he isn't a good fit for the job.
David Bass
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